What is Digg?151 Comments
- inactive, on 07/23/2008, -4/+100In America, please define "fake" money..
- SouthernGuy118, on 07/23/2008, -2/+80great, not only are they collapsing, they are giving out fake money
- buba1243, on 07/23/2008, -1/+67No inflation worries there just print more money, hell the fed does it all the time.
- StingingNettle, on 07/24/2008, -4/+44Hahaha, so on top of all this, the bank was also caught laundering drug money for south American cartels, now they are also handing out counterfeit money? haha plus a 8 billion loss in one quarter! They all should be arrested. And the government is tapping my phone??
Who are the terrorists now? - homerj1965, on 07/23/2008, -8/+43Good point. Since it is a FIAT currency and not backed by anything but faith in the government you could say it is pretty fake anyway.
- speedk0re, on 07/24/2008, -0/+28as someone who worked in a bank for several years, just wanted to share a few thoughts:
#1 - it doesn't mention how the bills were counterfeited, which plays a huge part in the whole "who's to blame" theory. I once got a $100 bill from a customer that I missed the first time because they complete washed a $5 bill, and had a $100 printed over it. So those counterfeiting pens show the bill as being good, and it has the strip in the light. Only difference was you saw Lincoln instead of Franklin when holding it up to the light.
#2 - This little blurb is complete baloney:
"Ten (bills) in one transaction to come from one bank, that is definitely unusual," U.S. Secret Service representative Jim Glendinning said.
"But is it possible?" Pipitone asked.
"Remotely, yes it is," Glendinning said"
Not unusual at all. All it takes is one stupid teller to take in a large deposit of all fake bills. Of course the bills are going to stay together in his/her drawer/till, and be handed out at the same time.
#3 - when the bank or customer gets counterfeit bills and the secret service is contacted, the money is never refunded. It sucks but that's the way it is. I had one of my most trusted, regular customers make a deposit that had $300 in fake bills. I felt so bad confiscating the money from him, but sadly that's just the way it is. Instead of blaming Wachovia for not refunding the money, we should be blaming the government for not refunding the money imho. - ZackScott, on 07/23/2008, -0/+23They have to make up their second-quarter $8,860,000,000 loss somehow...
- MxM111, on 07/24/2008, -2/+24The ones that I print are fake. The one that government prints are not. That's the definition.
- jei731, on 07/23/2008, -6/+24With lots of people withdrawing their savings from banks to protect them, this is a great chance to make big profits for people spreading forgeries. FDIC only has $53 billion to guarantee savings upto $100k for people, (that means 530,000 people) and that money is going to run out real fast when the banks are starting to flip.
Bush government is turning fast from neocons to neocommunists with the stopping of free trade in bank stocks. This did not prevent the downfall of communism and it won't stop the downfall of the neocommunist USA either. Printing more money, whether by conmen or government, will lead to a Zimbabwe-style country where only real, practical things like ammo are worth anything.
Also note that you don't make forgeries worth only $1000 bucks, when the equipment for making them costs tens of millions alone. You make them by the billions, if not trillions. I think the downfall of the dollar is ever more inevitable as this is a very bad sign. Some banks are obviously very desperate. - Narcism, on 07/24/2008, -0/+16Mugabe approves.
- noncn4mst, on 04/15/2009, -0/+15"complete washed a $5 bill, and had a $100 printed over it. "
Thanks for the tip! - inactive, on 07/24/2008, -0/+15Bank of Xerox
- kingmanic, on 07/24/2008, -0/+14Somewhere along the line, your government, your fellow countrymen, your corporations, and social institutions failed you. No idea where to start to fix America, no idea if it's even fixable or will America just fade into history like a extremely short lived Rome.
- Paulish, on 07/24/2008, -0/+13The government just hates competition :P
- Cryptocracy, on 08/17/2008, -6/+18these phony $100 bills are not any less valuable than the fake ones the FED prints up.
- doktorrocket, on 07/24/2008, -1/+13I'm somewhat less surprised, it might be an inside job....if you're a teller who suspects you might lose your job soon, this is an easy way to hit back. Print up some low-quality counterfeits and pass them out to unsuspecting customers (people assume money from a bank is legit, at least they used to.). Then take an equal amount of real bills and pocket them. Your drawer still balances at the end of your shift. Wonder how wide spread it is?
- inactive, on 07/24/2008, -2/+12Please name 1 major currency in the world that is not currently a fiat currency.
- positron, on 07/24/2008, -0/+8Less so today than tomorrow.
- wedges, on 07/24/2008, -0/+8considering he's talking about zimbabwe, this isn't really what i'd call a redneck comment.
- screamingjoker, on 07/24/2008, -0/+7In a famous 1993 speech at George Washington Univ. Political stratigist Karl Rove said the goal of a Neo-Conservative government was to create a condition of "All-on-All Economic Warfare" in the United States.
Bottom Line: You are at war with one another and with Corporate America. The Banks own the battlefield, and the Fed dictates the terms of engagement. You're on your own to protect your own wealth. Manage your own finances. And as for this article: Check your OWN money for its authenticity, you cannot trust any institutions or governments, because in their own words "you are at war with them".
http://www.ustreas.gov/usss/money_detect.shtml - brad3378, on 07/24/2008, -2/+9The paper kind
- Lucas123, on 07/24/2008, -1/+7Hey, if you can't earn it - print it yourself.
- aecarol, on 07/24/2008, -2/+8In other news Wendy's putting human fingers in chili, and Elsinore Brewery putting mice in Bob and Doug McKinzie's beer....
- mooseofshadows, on 07/24/2008, -0/+6The corporations bought your government, and your fellow countrymen went along with it.
- dracostimpy, on 07/24/2008, -0/+6Okay so it's $10000 for 5.3 million people then. What about the other 295 million who want their $10000? Or maybe it's only $1000 for 53 million... that still leaves 250 million penniless, doesn't it?
- crapmatic, on 07/24/2008, -0/+5Only the sevens and tens from Wachovia.
- GamerVer05, on 07/24/2008, -2/+7I have a different theory, the customer counterfeited those bills and wants a free 1000$.
- Bakedwafer, on 07/24/2008, -3/+8And so is every other country in the world.
- Feanor, on 07/24/2008, -2/+7I suggest wiring your money out of that bank ASAP.
- kingp, on 07/24/2008, -1/+6techincally isn't EVERY bank distributing fake money? Just sayin'...
- zip000, on 07/24/2008, -1/+5Expect the Secret Service any minute.
- Chalks777, on 07/24/2008, -0/+4I'm currently working in a bank, and I'm going to add to your comments a bit:
You handle a huge number of bills every day as a teller. It's easy to forget to check a few bills, or even do just a cursory check. I mean, holding each bill up to the light to check the watermark and using the little pen thing on each bill gets to be a huge hassle after awhile. Plus, it makes you feel like you're telling your customer that you don't trust them.
Furthermore, if my manager was contacted by a customer saying that we gave him $1000 in counterfeit bills, there is NO way that that money would be refunded. It's very unlikely that we could prove he got the bills from us. As for the article mentioning that they refunded $40 to someone else, that's more reasonable. I can see a manager refunding that (even though they can't get any proof that the bills were theirs originally) just to get an irate customer off his back... $40 isn't nearly as big a deal as $1000. - zebraz, on 07/24/2008, -5/+9Isn't all the US money counterfeit ?
- curtisag, on 07/24/2008, -1/+5By artificially manipulating interest rates below what they should be, the Fed is able to pump money into the system, which is basically the same as printing money. The problem is inflation and devaluation of the currency. The dollar today is worth 4 cents of what it was worth when the Fed took control of our monetary system.
- dracostimpy, on 07/24/2008, -0/+4A++++ If we were in prison together, I'd protect you in the shower.
- PabloMac, on 07/24/2008, -0/+4The Fed doesn't print our so-called "money," but they sure manipulate it and every aspect of our lives at their whim.
- SniperZ, on 07/24/2008, -1/+5When you lose $8.9 Billion in one quarter you gotta make up for it somehow.
- fijidaddy, on 07/24/2008, -0/+3i expect sh** like this from Floridians,
- atb12688, on 07/24/2008, -0/+3Wachovia Securities world headquarters here in St. Louis was "swarmed" not too long ago. I think they were looking for bunnies.*
- Trigonometron, on 07/24/2008, -0/+3Agreed, I worked in a bank and this happens all the time. Banks are always on the lookout for counterfeit money. This story is just getting attention because
1]Wachovia's in the news, and
2]Everyone on Digg thinks they're an expert on ::Insert Currently Popular Topic Here:: - thedarkwolf, on 07/24/2008, -0/+3Sucks to be that guy. If he really did get those counterfeit bills from Wachovia and they wont refund it, he is out of luck. Next time, if you want to take money from one bank and deposit into another, don't use cash, use cashiers checks.
- Thuktun, on 07/24/2008, -0/+3@zip000 dugg for knowing who goes after currency counterfeiters
- obliviousfool, on 07/24/2008, -0/+3You do a good job, MxM111. I have faith in your currency.
- foxinthehole, on 07/24/2008, -3/+6I'm buying Euros...
- CyclonusRIP, on 07/24/2008, -1/+4One time I got a counterfeit $10, and tried to buy a fountain drink at a gas station and he wouldn't take it. So I was like w/e thats the only cash I have c ya. And he was like w/e u can have the drink. Then I went and bought lunch some other place with it. So IMO counterfeit bills are awesome.
- Pittance, on 07/24/2008, -0/+3Cameras would notice. There's 1 for each employee and 1 for each employee station. Plus, printing fake money that could pass normal consumers would be a little costly.
- jokerhl, on 07/24/2008, -1/+4Worthless money, hell the government has been printing it for years.
- centure7, on 07/24/2008, -0/+3I currently work with cash on a daily basis. Every single bogus bill our dept. has found this year is missing the color-shifting ink. Just an FYI. I know for know on I will check at least that on every $50 or $100 bill I get.
- JRHodes88, on 07/24/2008, -0/+3I think i might be screwed for two reasons:
1) I live in Orlando
2) I bank with Wachovia - Scrappy1850, on 07/24/2008, -0/+2* $1000
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